My question is do I run the numbers on the SFH as if it were by it self, then run the numbers on the trailers in park and take the average of the 2 cap rates? 

The property taxes in Palm Beach County are on average 2% of the assessed value of the property.

The other issue, especially in instances like this, is there's a rental cap/% of building rent at one time so when we loose a tenant we get put on a waiting list to be able to rent again which is on average 3 months of vacancy in-between each lease so it's not loosing a couple weeks of rent.We'll move forward trying to help her get a sublease and make sure we put a termination clause in our next lease.  

Your average cap rate in Maricopa county is 5%, which for the starting investor isn't anything worth doing as most people buying the rentals are doing it for write off purposes more-so than cash flow.

We have been your average corp job employees for the past 15+ years (maxing out 401K, emergency fund savings, etc.). 

We're in the middle of low season with an average booking window of 30 days so I'm not expecting a lot of tangible performance improvements until early September.Re: Revenue management, is there anything I'm missing to improve this area? 

Average Days to lease2.

Of course it depends where in the USA you choose to start, but let's guess using averages....With $50k to start with (as a 20% down payment on a rental property) you can purchase a house up to about $250k, right?

Hey @Cody Zucker,I manage STR's in Central FL.My fees range from 15%-25% for full service depending on expected revenue.I will say majority of owners that would qualify for a 25% management fee with me opt to self manage or go LTR due to the fact there isn't any cash flow.My average fee is 20% for full service.

Excluding properties recently purchased my average tenant stays 12.5 years.